Middle East and Africa Health Information Exchange Market

Market Introduction

The Health Information Exchanges (HIEs) are crucial for connecting communities and ensuring patient health records are always available. Healthcare information exchange is an integral and significant element of health information technology (HIT) infrastructure. Healthcare information exchange refers to the deployment of healthcare information electronically.

Market Overview and Dynamics

The Middle East and Africa health information exchange market is expected to reach US$ 101.47 million by 2028 from US$ 52.30 million in 2021; it is estimated to grow at a CAGR of 9.9% from 2021 to 2028. The growth of the market is attributed to some key driving factors such as government support for adoption of EMR/EHR systems and growing emphasis on healthcare cost optimization across Middle East and Africa. However, the data security and privacy concerns are hampering the growth of the market.

The rapid growth of health information technology has led to the increase in exchange of patient medical information through electronic health records (EHRs). The systems can collect patient information as well as share the information with other healthcare professionals involved in the patient's care. The governments, healthcare authorities, and market players are actively supporting the adoption of EHR systems to streamline the process of healthcare activities. Moreover, the systems enable efficient data gathering and exchange, allowing healthcare professionals to enhance the quality of the treatment.  Hence, government initiatives are expected to drive the adoption of EHR systems, which will eventually propel the growth of the health information exchange market by 2028. Also, growing emphasis of healthcare cost optimization by the implementation of certain strategies, such as adoption of cloud-based solutions and cutting of hidden fees can provide substantial cost benefits. Such advantages offered by health information exchange are likely to accelerate the growth of health information exchange market during the forecast period.

Countries in the Middle East have also widely affected the socio-economic condition by the COVID–19 pandemic. Due to the increasing patient volumes, the demand for EMR and EHR platforms to handle complex patient data has grown. As a result, hospitals are progressively focusing on building their capabilities by integrating various hospital systems with EHRs. Players operating in this market have also integrated their EHR platforms with telehealth solutions and upgraded their software solutions to help healthcare providers manage COVID-19 patients effectively. Similarly, such governments' initiatives in the Middle East region open a window of opportunities for the firms involved in the health information exchange market, boosting the market growth.

Key Market Segments

Based on the set up, the Middle East and Africa health information exchange market was segmented into public and private. In 2020, the private segment held the largest share of the market and is expected to grow at the fastest rate during the coming years.

The Middle East and Africa health information exchange market, by type, is segmented into query-based, direct mediated, and consumer mediated. The direct mediated segment held the largest share of the market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period.

The Middle East and Africa health information exchange market, by implementation model, is segmented into hybrid, centralized, and decentralized. The hybrid segment held the largest share of the market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period.

The Middle East and Africa health information exchange market, by application, is segmented into internal interfacing, web portal development, workflow management and other applications. The web portal development segment held the largest share of the market in 2020, whereas the internal interfacing segment is anticipated to register the highest CAGR in the market during the forecast period.

Based on end user, the Middle East and Africa health information exchange is segmented into healthcare providers, healthcare payers, and pharmacies. The healthcare providers segment held the largest share of the market in 2020 and is estimated to register the highest CAGR in the market during the forecast period.

The Middle East and Africa health information exchange market, by deployment, is segmented into on-premises and cloud based. The on-premise segment held a larger share of the market in 2020 and is anticipated to register a higher CAGR in the market during the forecast period.

Major Sources and Companies Listed

A few of the primary and secondary sources associated with this report on the Middle East and Africa health information exchange market are the Dubai Health Authority (DHA), Centers for Medicare & Medicaid Services (CMS) and Gulf Co-operation Council (GCC).

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MIDDLE EAST AND AFRICA HEALTH INFORMATION EXCHANGE MARKET SEGMENTATION

By Set Up

• Private
• Public

By Type

• Direct Mediated
• Query-based
• Consumer Mediated

By Implementation Model

• Hybrid
• Centralized
• Decentralized

By Application

• Web Portal Development
• Internal Interfacing
• Workflow Management
• Other Applications

By End User

• Healthcare Providers
• Healthcare Payers
• Pharmacies

By Deployment

• On-Premise
• Cloud Based

By Country

• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East and Africa

Company Profiles

• Health Catalyst, Inc.
• McKesson Corporation
• Oracle Corporation
• Allscripts Healthcare, LLC
• General Electric Company
• Cerner Corporation
• Orion Health group of companies

Middle East and Africa Health Information Exchange Market Strategic Insights

Middle East and Africa Health Information Exchange Market Segmentation Analysis

Middle East and Africa Health Information Exchange Market Report Highlights

Middle East and Africa Health Information Exchange Report Scope

Middle East and Africa Health Information Exchange Market Country and Regional Insights